Minimising contract closeout risk impact for ENR projects

Minimising contract closeout risk impact

Over the next 2 years, nearly $70 billion worth of contracts will be closed out on major capital infrastructure projects across Australia, a large portion of which is centred around the large liquefied natural gas (LNG) projects in central Queensland and on the North West Shelf in Western Australia.

Also on KPMG.com

The downturn in global energy markets has led to a situation where affected parties – joint venture partners, contractors, employees and all those affected by contract disputes – need to protect their reputations, retain margins and, in several instances, recover costs where projects are challenged economically.